ever think that the Chilis deal was an LOI? (Letter of Intent). I said in my post to the author on PeakStocks.. that there was a "high probability" of a deal. That to me means an LOI has been signed. Maybe it is private. That does mean that a deal is uWInk's to lose (if they screw it up). Probably the size of the deal is under discussion and dependent on the results of this study. It also means that no money has changed hands, and that the author is making an assumption. Maybe everybody at uWink thinks it is 95% probability. It may be.. but it can still go wrong. As long as it goes all right, there will be terms announced in the next earnings release, because it will be final. Fact is, if it was a deal it would have been announced as such, not as an "initiative". You don't just go and "install" terminals in restaurants without some kind of understanding.
Well I am still being objective and accurate. I have seen these things not work out.
Regardless, a vendor needs a flow of deals, not just one. For every new deal that gets signed, there is one being completed, so the new deal just takes its place. This deal, with it's probability, would form part of a sales pipeline.. with an overall forecast.. the only thing of relevance is what that forecast is and is it enough to make them profitable.. not that there are a few terminals in a restaurant at Chilis.
If you look at the market now, when a hitech company gets a deal.. the stock goes up momentarily and then continues it's downward trend.. uWink is not immune to that. Moreover, uWink has a financial problem.
So, I am still happily out of uWink. Hope you are happy with your position as well.
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